2022 Q4 Form 10-Q Financial Statement

#000093454922000079 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $13.12M $15.88M $1.582M
YoY Change -79.26% 903.67% -91.87%
Cost Of Revenue $9.611M $9.930M $280.0K
YoY Change 21.26% 3446.43% -95.15%
Gross Profit $3.510M $5.948M $1.302M
YoY Change -93.66% 356.84% -90.49%
Gross Profit Margin 26.75% 37.46% 82.3%
Selling, General & Admin $18.06M $17.16M $10.63M
YoY Change -12.03% 61.4% -25.66%
% of Gross Profit 514.5% 288.45% 816.44%
Research & Development $156.0K $0.00
YoY Change
% of Gross Profit 2.62% 0.0%
Depreciation & Amortization $3.374M $3.363M $2.651M
YoY Change -68.43% 26.86% 120.92%
% of Gross Profit 96.13% 56.54% 203.61%
Operating Expenses $18.06M $17.31M $13.24M
YoY Change -23.01% 30.74% -14.46%
Operating Profit -$14.55M -$11.37M -$11.94M
YoY Change -145.64% -4.82% 567.04%
Interest Expense -$5.842M $40.44M $102.3M
YoY Change -102.96% -60.48% 148.33%
% of Operating Profit
Other Income/Expense, Net $40.44M $102.5M
YoY Change -60.54%
Pretax Income -$20.39M $29.08M $89.62M
YoY Change -108.92% -67.56% 133.19%
Income Tax -$1.812M $679.0K $11.00K
% Of Pretax Income 2.34% 0.01%
Net Earnings -$20.53M $28.09M $89.60M
YoY Change -110.03% -68.65% 133.65%
Net Earnings / Revenue -156.45% 176.91% 5663.97%
Basic Earnings Per Share $0.54 $1.49
Diluted Earnings Per Share -$0.50 $0.02 $962.6K
COMMON SHARES
Basic Shares Outstanding 43.54M shares 38.31M shares 48.95M shares
Diluted Shares Outstanding 71.16M shares 93.08M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $386.1M $401.2M $642.7M
YoY Change -45.42% -37.58% 112.12%
Cash & Equivalents $287.8M $241.9M $218.0M
Short-Term Investments $98.36M $159.3M $424.8M
Other Short-Term Assets $19.39M $5.173M $4.747M
YoY Change 306.97% 8.97% -92.44%
Inventory $14.22M $13.80M
Prepaid Expenses
Receivables $8.231M $7.040M $412.0K
Other Receivables $0.00 $0.00 $21.54M
Total Short-Term Assets $428.0M $427.2M $669.4M
YoY Change -41.43% -36.19% 82.85%
LONG-TERM ASSETS
Property, Plant & Equipment $3.537M $3.700M $671.0K
YoY Change -15.44% 451.42% -39.0%
Goodwill $7.541M $7.470M
YoY Change 0.95%
Intangibles $36.66M $39.69M
YoY Change -24.87%
Long-Term Investments $30.93M $72.11M
YoY Change 0.0%
Other Assets $5.202M $4.819M $728.0K
YoY Change -1.53% 561.95% -98.19%
Total Long-Term Assets $54.94M $58.07M $76.65M
YoY Change -19.41% -24.23% 26.9%
TOTAL ASSETS
Total Short-Term Assets $428.0M $427.2M $669.4M
Total Long-Term Assets $54.94M $58.07M $76.65M
Total Assets $482.9M $485.3M $746.1M
YoY Change -39.55% -34.96% 74.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.036M $5.097M $2.196M
YoY Change 10.96% 132.1% -18.67%
Accrued Expenses $18.80M $14.33M $17.61M
YoY Change 99.54% -18.61% 577.12%
Deferred Revenue $1.229M $1.403M
YoY Change 10.32%
Short-Term Debt $60.45M $61.35M $182.9M
YoY Change -66.65% -66.45% 60.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $87.21M $85.44M $204.4M
YoY Change -56.44% -58.21% 47.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.675M $1.781M $295.8M
YoY Change -72.81% -99.4% 290.29%
Total Long-Term Liabilities $1.675M $1.781M $295.8M
YoY Change -72.81% -99.4% 290.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.21M $85.44M $204.4M
Total Long-Term Liabilities $1.675M $1.781M $295.8M
Total Liabilities $193.7M $184.3M $512.2M
YoY Change -45.23% -64.02% 137.26%
SHAREHOLDERS EQUITY
Retained Earnings -$306.8M -$288.4M -$386.0M
YoY Change 68.82% -25.28%
Common Stock $43.00K $38.00K
YoY Change -12.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $98.26M $98.26M
YoY Change 107.82%
Treasury Stock Shares 16.18M shares 16.18M shares
Shareholders Equity $258.3M $257.7M $237.6M
YoY Change
Total Liabilities & Shareholders Equity $482.9M $485.3M $749.8M
YoY Change -39.55% -35.28% 75.81%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$20.53M $28.09M $89.60M
YoY Change -110.03% -68.65% 133.65%
Depreciation, Depletion And Amortization $3.374M $3.363M $2.651M
YoY Change -68.43% 26.86% 120.92%
Cash From Operating Activities -$23.74M $3.955M -$1.405M
YoY Change -213.43% -381.49% -111.15%
INVESTING ACTIVITIES
Capital Expenditures $180.0K -$142.0K -$2.022M
YoY Change -102.24% -92.98% 1922.0%
Acquisitions
YoY Change
Other Investing Activities $60.39M $45.85M $661.0K
YoY Change 28.51% 6836.16% -96.85%
Cash From Investing Activities $60.21M $45.71M -$1.361M
YoY Change 54.51% -3458.27% -106.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.470M -68.20M 34.85M
YoY Change -281.02% -295.71% -8811.5%
NET CHANGE
Cash From Operating Activities -23.74M 3.955M -1.405M
Cash From Investing Activities 60.21M 45.71M -1.361M
Cash From Financing Activities 8.470M -68.20M 34.85M
Net Change In Cash 44.94M -18.54M 32.08M
YoY Change -18.61% -157.78% -3.66%
FREE CASH FLOW
Cash From Operating Activities -$23.74M $3.955M -$1.405M
Capital Expenditures $180.0K -$142.0K -$2.022M
Free Cash Flow -$23.92M $4.097M $617.0K
YoY Change -182.61% 564.02% -95.14%

Facts In Submission

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CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
619000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
34590000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-203866000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1905000 usd
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-17000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4532000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-193000 usd
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
1072000 usd
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2378000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
5532000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
5142000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1221000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
76000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3091000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
135000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
40440000 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
102490000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-81216000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-36857000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29075000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
89768000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-106759000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-53611000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
679000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
531000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
28396000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
89757000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-92360000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-54142000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
306000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14319000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
906000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
28090000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
89757000 usd
us-gaap Net Income Loss
NetIncomeLoss
-106679000 usd
us-gaap Net Income Loss
NetIncomeLoss
-55048000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20587000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
73110000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-112507000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-58595000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38052426 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48949504 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42830700 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48759873 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
42830700 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
48759873 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.20
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1531000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
80308000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-112507000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-58595000 usd
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
71164236 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
93081502 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.20
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
268174000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
28396000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
1337000 usd
CY2022Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
700000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1017000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1031000 usd
CY2022Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
11480000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
282481000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
143196000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
89757000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
991000 usd
CY2021Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
262000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
108000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
232108000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
430475000 usd
us-gaap Profit Loss
ProfitLoss
-92360000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
586000 usd
us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
3729000 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
2099000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1520000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3288000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
50988000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
282481000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
288316000 usd
us-gaap Profit Loss
ProfitLoss
-54142000 usd
us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
2762000 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
785000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
202000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1279000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
232108000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-92360000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-54142000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1000 usd
actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivative
ChangeInFairValueOfSeriesRedeemableConvertiblePreferredStockEmbeddedDerivative
-3941000 usd
actg Change In Fair Value Of Series Redeemable Convertible Preferred Stock Embedded Derivative
ChangeInFairValueOfSeriesRedeemableConvertiblePreferredStockEmbeddedDerivative
-14683000 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
0 usd
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-2752000 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3591000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10140000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7198000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
90000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1895000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-11887000 usd
actg Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
36636000 usd
actg Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
-177296000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3288000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1279000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-4530000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-193000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-266202000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
115509000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
114434000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
53124000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
42935000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2737000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-15971000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2242000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-94000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4872000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1078000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2191000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4984000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7002000 usd
actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
795000 usd
actg Increase Decrease In Royalties And Contingent Legal Fees Payable
IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable
-369000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
371000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13598000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9278000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5000000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13000000 usd
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
0 usd
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
3591000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
107537000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
57978000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
236164000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
64235000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1178000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1830000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
552000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
115000000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
506000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
67000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
124253000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1389000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50988000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
120000000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
50000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
2099000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
785000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1520000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
202000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-174607000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
64417000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
822000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3535000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-154000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-67487000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53596000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
309361000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200546000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
241874000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
254142000 usd
us-gaap Increase Decrease In Prepaid Interest
IncreaseDecreaseInPrepaidInterest
5431000 usd
us-gaap Increase Decrease In Prepaid Interest
IncreaseDecreaseInPrepaidInterest
2340000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
209000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9000 usd
actg Patent Acquisition In Exchange Of Notes Receivable
PatentAcquisitionInExchangeOfNotesReceivable
0 usd
actg Patent Acquisition In Exchange Of Notes Receivable
PatentAcquisitionInExchangeOfNotesReceivable
4000000 usd
actg Patent Acquisition Accrued Liability Long Term
PatentAcquisitionAccruedLiabilityLongTerm
0 usd
actg Patent Acquisition Accrued Liability Long Term
PatentAcquisitionAccruedLiabilityLongTerm
13000000 usd
actg Distribution To Noncontrolling Interests In Subsidiaries
DistributionToNoncontrollingInterestsInSubsidiaries
586000 usd
actg Distribution To Noncontrolling Interests In Subsidiaries
DistributionToNoncontrollingInterestsInSubsidiaries
906000 usd
actg Number Of Patent Portfolios Acquired
NumberOfPatentPortfoliosAcquired
0 patent
CY2021 actg Number Of Patent Portfolios Acquired
NumberOfPatentPortfoliosAcquired
1 patent
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period presentation. These changes had no impact on the previously reported consolidated results of operations or cash flows.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Acacia believes that, of the significant accounting policies described herein, the accounting policies associated with revenue recognition, estimates of variable consideration for revenue, including sales returns, the valuation of equity securities without readily determinable fair value, the determination of excess and obsolete inventories, bad debt allowances and product warranty liabilities, the valuation of Series A redeemable convertible preferred stock (the “Series A Redeemable Convertible Preferred Stock”), embedded derivatives, Series A warrants (the “Series A Warrants”) and Series B warrants (the “Series B Warrants”), stock-based compensation expense, impairment of goodwill, patent-related and other intangible assets, the determination of the economic useful life of amortizable intangible assets, and income taxes and valuation allowances against net deferred tax assets, require its most difficult, subjective or complex judgments.</span></div>
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
111000 usd
us-gaap Product Warranty Expense
ProductWarrantyExpense
23000 usd
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
772000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
222000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
134000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk are cash equivalents and accounts receivable. The Company places its cash equivalents primarily in highly rated money market funds and investment grade marketable securities. Cash and cash equivalents are also invested in deposits with certain financial institutions and may, at times, exceed federally insured limits. The Company has not experienced any significant losses on its deposits of cash and cash equivalents.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Intellectual Property Operations</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Two licensees individually accounted for 47% each of revenues recognized during the three months ended September 30, 2022. Four licensees individually accounted for more than 10% of total recognized revenue, ranging from 13% to 32%, during the three months ended September 30, 2021. Three licensee individually accounted for 18%, 18% and 31% of revenues recognized during the nine months ended September 30, 2022. Three licensees individually accounted for 50%, 19% and 12% of revenues recognized during the nine months ended September 30, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Historically, ARG has not had material foreign operations. Based on the jurisdiction of the entity obligated to satisfy payment obligations pursuant to the applicable license revenue arrangement, for the three and nine months ended September 30, 2022, approximately zero percent and 4%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions. For the three and nine months ended September 30, 2021, 8% and 15%, respectively, of revenues were attributable to licensees domiciled in foreign jurisdictions. Refer to Note 15 for additional information regarding revenue from customers by geographic region.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Two licensees individually represented approximately 53% and 47% of accounts receivable at September 30, 2022. Two licensees individually represented approximately 59% and 41% of accounts receivable at December 31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Industrial Operations</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No single Printronix customer accounted for more than 10% of revenue for the three and nine months ended September 30, 2022. Printronix has significant foreign operations, refer to Note 15 for additional information regarding net sales to customers by geographic region.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No single Printronix customer represented 10% or more of accounts receivable as of September 30, 2022, and one customer represented 11% of accounts receivable as of December 31, 2021. Exposure to credit risk is limited by the large number of customers comprising the remainder of the Printronix customer base and by periodic customer credit evaluations performed by Printronix.</span></div>No single Printronix vendor accounted for 10% or more of purchases for the three and nine months ended September 30, 2022. Accounts payable to two vendors represented 12% and 10% of accounts payable as of September 30, 2022, and one vendor represented 14% of accounts payable as of December 31, 2021.
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EquitySecuritiesFvNiCost
85666000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
19240000 usd
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
23522000 usd
CY2022Q3 us-gaap Equity Method Investments Fair Value Disclosure
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CY2021Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
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us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
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us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
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CY2021Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
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us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
Embedded DerivativesEmbedded derivatives that are required to be bifurcated from their host contract are valued separately from the host instrument. A binomial lattice framework is used to estimate the fair value of the embedded derivative in the Series A Redeemable Convertible Preferred Stock issued by the Company in 2019.
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q3 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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InterestIncomeOther
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us-gaap Interest Income Other
InterestIncomeOther
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CY2022Q3 us-gaap Interest Receivable
InterestReceivable
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CY2021Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
2950000 gbp
CY2021Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
4000000 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
4244000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3207000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2944000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1712000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4011000 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
14283000 usd
CY2021Q4 us-gaap Inventory Gross
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CY2022Q3 us-gaap Inventory Adjustments
InventoryAdjustments
481000 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
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CY2022Q3 us-gaap Inventory Net
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CY2021Q4 us-gaap Inventory Net
InventoryNet
8930000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5141000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4761000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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1000000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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112000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1441000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
578000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
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3700000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4183000 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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329000 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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CY2021Q4 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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us-gaap Goodwill Impairment Loss
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CY2022Q3 us-gaap Goodwill
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CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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303841000 usd
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FiniteLivedIntangibleAssetsNet
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CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Impairment Of Intangible Assets Finitelived
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us-gaap Impairment Of Intangible Assets Finitelived
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actg Accelerated Amortization Of Patents
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actg Accelerated Amortization Of Patents
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actg Finite Lived Intangible Assets Write Offs
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2022Q3 actg Finite Lived Intangible Asset Expected Amortization After Year Four
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CY2021Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
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AccruedProfessionalFeesCurrent
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AccruedProfessionalFeesCurrent
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CY2022Q3 actg Accrued Consulting And Other Professional Fees
AccruedConsultingAndOtherProfessionalFees
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ServiceContractCostsAccruedCurrent
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CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2022Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
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AccountsPayableOtherCurrent
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CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
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CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
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CY2021Q3 actg Debt Instrument Required Minimum Amount Held In Escrow
DebtInstrumentRequiredMinimumAmountHeldInEscrow
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CY2021Q4 actg Debt Instrument Required Minimum Amount Held In Escrow
DebtInstrumentRequiredMinimumAmountHeldInEscrow
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CY2021Q4 actg Number Of Board Of Directors
NumberOfBoardOfDirectors
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CY2022Q3 actg Number Of Board Of Directors
NumberOfBoardOfDirectors
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CY2022Q3 actg Number Of Additional Directors
NumberOfAdditionalDirectors
2 director
CY2022Q3 actg Recapitalization Agreement Blocker Provision Percent
RecapitalizationAgreementBlockerProvisionPercent
0.0489
CY2022Q3 actg Recapitalization Agreement Blocker Provision Percent
RecapitalizationAgreementBlockerProvisionPercent
0.0489
CY2022Q3 actg Recapitalization Agreement Blocker Provision Percent
RecapitalizationAgreementBlockerProvisionPercent
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CY2022Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
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CY2021Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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us-gaap Legal Fees
LegalFees
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LegalFees
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CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2022Q1 us-gaap Treasury Stock Shares Acquired
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q3 actg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1556000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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NetIncomeForSettlementOffsetByContingencyAccruals
1200000 usd
actg Net Income For Settlement Offset By Contingency Accruals
NetIncomeForSettlementOffsetByContingencyAccruals
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CY2022Q3 actg Net Income For Settlement Offset By Contingency Accruals
NetIncomeForSettlementOffsetByContingencyAccruals
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CY2021Q3 actg Net Income For Settlement Offset By Contingency Accruals
NetIncomeForSettlementOffsetByContingencyAccruals
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actg Net Income For Settlement Offset By Contingency Accruals
NetIncomeForSettlementOffsetByContingencyAccruals
338000 usd
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
40000000 usd
actg Beneficial Ownership Maximum Ownership Allowed Percentage
BeneficialOwnershipMaximumOwnershipAllowedPercentage
0.049
actg Beneficial Ownership Maximum Ownership Allowed Percentage
BeneficialOwnershipMaximumOwnershipAllowedPercentage
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P1Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
actg Ownership Percent Of Voting Stock
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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518000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.19
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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P2Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P5Y
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
28090000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
89757000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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PreferredStockDividendsIncomeStatementImpact
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CY2022Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
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CY2021Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
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us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
3729000 usd
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
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CY2022Q3 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
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5466000 usd
CY2021Q3 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
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us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
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us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20587000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q3 actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
3389000 usd
CY2021Q3 actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
-63000 usd
actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
0 usd
actg Change In Fair Value Of Series A Warrants
ChangeInFairValueOfSeriesAWarrants
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CY2022Q3 actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
21766000 usd
CY2021Q3 actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
902000 usd
actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
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actg Change In Fair Value Of Dilutive Series B Warrants
ChangeInFairValueOfDilutiveSeriesBWarrants
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CY2022Q3 actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
850000 usd
CY2021Q3 actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
1536000 usd
actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
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actg Interest Expense Associated With Starboard Notes Net Of Tax
InterestExpenseAssociatedWithStarboardNotesNetOfTax
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CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5466000 usd
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
15394000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
217000 usd
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
8893000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1531000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
80308000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-112507000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38052426 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48949504 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42830700 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48759873 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71164236 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93081502 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42830700 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48759873 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.20
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.20
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69520233 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
398168 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
108217890 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
107230624 shares
CY2022Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15878000 usd
CY2022Q3 us-gaap Royalty Expense
RoyaltyExpense
732000 usd
CY2022Q3 actg Contingent Legal Fees
ContingentLegalFees
1010000 usd
CY2022Q3 actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
939000 usd
CY2022Q3 actg Amortization Of Patents
AmortizationOfPatents
2601000 usd
CY2022Q3 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
4648000 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
9930000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
5948000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-11365000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
40440000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29075000 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10300000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46102000 usd
us-gaap Royalty Expense
RoyaltyExpense
1092000 usd
actg Contingent Legal Fees
ContingentLegalFees
2314000 usd
actg Litigation And Licensing Expenses Patents
LitigationAndLicensingExpensesPatents
3272000 usd
actg Amortization Of Patents
AmortizationOfPatents
7802000 usd
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
13432000 usd
us-gaap Cost Of Revenue
CostOfRevenue
27912000 usd
us-gaap Gross Profit
GrossProfit
18190000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-25543000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-81216000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-106759000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23000000 usd
CY2022Q3 actg Trading Securities Fair Value Disclosure
TradingSecuritiesFairValueDisclosure
81384000 usd
CY2021Q4 actg Trading Securities Fair Value Disclosure
TradingSecuritiesFairValueDisclosure
361778000 usd
CY2022Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
5816000 usd
CY2021Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
5816000 usd
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
72106000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
30934000 usd
CY2022Q3 us-gaap Short Term Investments
ShortTermInvestments
159306000 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
398528000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
103602000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
172726000 usd
CY2022Q3 us-gaap Assets
Assets
485269000 usd
CY2021Q4 us-gaap Assets
Assets
798856000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15878000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46102000 usd
CY2022Q3 us-gaap Noncurrent Assets
NoncurrentAssets
3700000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4183000 usd

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